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Omega Advisors, managed by Leon Cooperman, owns 8.51 million shares of dELiA*s Inc. (NASDAQ:DLIA), a new filing with the U.S. Securities and Exchange Commission showed. The stake is equal to about 11.42% of the total outstanding common stock, and is passive by nature. Cooperman did not include dELiA*s in his latest 13F filing. However, he revealed holding around 4.76 million shares of the company back in October 2013.

dELiA*s Inc. (NASDAQ:DLIA) is a retail company primarily marketing to teenage girls, and has a market cap of around $57.0 million. Shares of the company traded up 11.11% on Tuesday to $0.800. It has a 52 week high of $1.83 and a 52 week low of $0.57.

Last week, dELiA*s said it received stockholder approval to increase the number of authorized shares of common stock. The company received $24.1 million from the sale of the secured convertible notes that occurred on February 18, 2014, through the conversion of the secured convertible notes into series B convertible preferred stock, according to a news release.

In May, dELiA*s posted a decrease in its total revenue in the first quarter of 2013 to $25.9 million from $35.2 million. The company reported a 21.3% consolidated gross profit, compared to 23.8% in the prior year quarter, the decrease being attributed to the deleveraging of occupancy costs. Loss from continuing operations was $11.6 million for the same period, compared to a loss of $9.2 million in the same period prior year.

At the end of last month, the company announced that its David Dick resigned as CFO of the company. David Dick will remain with the company through August 1, 2014, according to a statement.

Aside from Omega Advisors, Michael Zimmerman’s Prentice Capital Management reported owning 6.03 million shares, and Tiger Global Management LLC, managed by Chase Coleman, disclosed holding 3.40 million shares of the company. Another investor, Valinor Management LLC, run by David Gallo, revealed in a new filing that it has boosted its stake in dELiA*s Inc. (NASDAQ:DLIA) to 24.81 million shares from 6.57 million shares, representing 27.9% of the company’s common stock.